What amount did the Central Government release to the states as an advance tax transfer?
- A₹95,000 crore
- B₹1.09 lakh crore
- C₹1.25 lakh crore
- D₹90,000 crore
Correct Answer: B
The Central Government released a tax transfer of ₹1.09 lakh crore to the states ahead of schedule for development works, infrastructure, and welfare schemes. In accordance with the Finance Commission's recommendations, 41% of the divisible tax pool is allocated to the states, with Uttar Pradesh being the largest beneficiary.
This question is part of 5 August 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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